24-Hour Hot Cryptocurrencies and News | US CFTC Launches Digital Asset Collateral Pilot Program; Binance Reports Employees Using Internal Information for Profit (December 9)

1. Popular cryptocurrencies on CEXs

Top 10 CEX trading volumes and their 24-hour price changes:

• BTC: -1.10%
• ETH: -0.02%
• SOL: -0.68%
• XRP: -0.55%
• BNB: -1.27%
• ZEC: +18.36%
• DOGE: +0.65%
• SUI: -2.09%
• ADA: +1.28%
• LINK: -1.66%

24-hour gainers list (data source: OKX):

• LUNA: +33.22%
• ZEUS: +25.77%
• ZEC: +18.14%
• RDNT: +13.59%
• NAVX: +10.95%
• MAGIC: +8.93%
• PHA: +7.71%
• GMT: +6.17%
• CTC: +5.70%
• DASH: +5.58%

24-hour cryptocurrency stock gainers list (data source: msx.com ):

• TGL: 5080%
• SATS: 18.47%
• MIGI: 10.5%
• NVDL: 8.31%
• TSLQ: 6.82%
• RKLB: 6.33%
• ALAB: 6.06%
• QLGN: 5.59%
• FIGR: 4.46%
• BMNR: 4.4%

2. Top 5 trending on-chain memes (data source: GMGN ):

• NIGHT
• NINJA
• Kling AI
• ALMANAK
• dogcoin

Headlines

The U.S. CFTC has launched a pilot program for digital asset collateral, allowing Bitcoin, Ethereum, and USDC to be used as margin in the derivatives market.

Acting Chair Caroline D. Pham of the U.S. Commodity Futures Trading Commission (CFTC) announced the launch of a digital asset collateral pilot program, allowing digital assets such as BTC, ETH, and USDC to be used as compliant margin in regulated derivatives markets in the United States. She also issued regulatory guidance on tokenized collateral and repealed outdated rules that had become invalid due to the GENIUS Act.

The CFTC stated that this move is a significant milestone in advancing the use of tokenized assets in regulated markets, providing a clear regulatory framework for the futures and swaps markets, including: the availability of tokenized assets, legal enforceability, custody and segregation requirements, valuation and risk management, and operational risks. For the initial three months, FCMs (Futures Commission Merchants) will be limited to accepting BTC, ETH, and USDC as collateral and will be required to report their positions to the CFTC on a weekly basis, account by account.

At the same time, the CFTC granted "no-action" protection to FCMs that accept digital assets as collateral, providing regulatory clarity to these institutions and requiring them to maintain robust risk controls. The CFTC also revoked Staff Circular 20-34, citing the GENIUS Act and recent rapid developments that rendered its contents inapplicable.

Several industry companies welcomed the move. Coinbase's Chief Legal Officer stated that the CFTC's decision proves stablecoins and digital assets can improve payment efficiency. Circle's president said this move will reduce settlement friction and strengthen the dollar's dominance. Crypto.com's CEO called it "a significant moment in US crypto history." Ripple executives pointed out that explicitly including stablecoins in eligible margins will lead to higher capital efficiency.

The CFTC stated that the action was based on feedback from market participants, public comments, Crypto CEO Roundtable feedback, and recommendations from its Global Markets Advisory Committee.

Binance reports employee misused internal information for personal gain: The employee has been suspended and is under investigation; a $100,000 whistleblower reward has been issued.

Binance issued a statement saying that its internal audit department received a report on December 7, 2025, alleging that an employee used internal information to post content related to a newly issued token on official social media and profited from it. Binance's preliminary investigation confirmed that the employee participated in the on-chain issuance of the token at 05:29 UTC and, less than a minute later, used related materials to tweet on the @BinanceFutures account, constituting an abuse of power and a violation of the company's code of conduct.

Binance has immediately suspended the employee and proactively contacted the relevant authorities in the employee's jurisdiction to cooperate with the investigation and pursue legal action. The company emphasized its unwavering commitment to user-centricity and the principles of transparency, fairness, and integrity, and will continue to strengthen internal controls to prevent similar incidents from recurring.

In response to this incident, Binance has completed the verification and deduplication of the reported leads and, as promised, has distributed a total reward of $100,000 to the earliest and most valid whistleblower. The individuals involved will receive formal notification via email. Binance reminds users that the reward only applies to valid reports submitted through the official channel audit@binance.com and urges the community to continue providing leads through official channels in the future. The Binance team stated that it will continue to work with the community to maintain a transparent and healthy ecosystem and provide users with a safer trading environment.

CZ responds to Binance employee misconduct incident: A police report has been filed; urging the community to report through official channels.

CZ responded to Binance's previous report about internal employees abusing their positions for personal gain, stating, "I've heard that some people have reported the case to the police. Binance works closely with law enforcement agencies in various countries, so there's basically nowhere to hide." He emphasized that although he is no longer in charge of Binance's operations, if the community reports employee misconduct via private message or comments, he will still assist in forwarding it to the appropriate channels for processing.

CZ also mentioned that the user who previously reported him did not provide any evidence, but then asked him to list a certain token. He reminded the community "not to become that kind of person" and called on everyone to report in the correct way.

Industry News

Strategy CEO: The company will hold Bitcoin until at least 2065, maintaining a long-term accumulation strategy.

MicroStrategy CEO Phong Le stated that the company plans to hold Bitcoin until at least 2065 and will continue its long-term accumulation strategy. He noted that while the rise of spot Bitcoin ETFs has provided the market with more allocation channels, MicroStrategy stock remains an important proxy for investors seeking Bitcoin exposure.

Currently, MicroStrategy holds over 660,000 BTC, making it one of the world's largest Bitcoin treasury companies.

CoinShares: Digital asset investment products saw inflows of $716 million last week.

A recent report from CoinShares shows that digital asset ETPs saw inflows for the second consecutive week, totaling $716 million, indicating continued improvement in market sentiment. Inflows were widely distributed globally, with the US, Germany, and Canada contributing $483 million, $96.9 million, and $80.7 million respectively. Bitcoin attracted $352 million, while XRP and Chainlink performed exceptionally well, recording record inflows of $245 million and $52.8 million respectively. Short-term Bitcoin products saw an outflow of $18.7 million, the largest since March 2025, suggesting that negative sentiment may have bottomed out. Although total assets under management have rebounded to $180 billion, they remain well below the all-time high of $264 billion.

Project News

Ripple completes sale of approximately $500 million worth of shares on the secondary market, valuing the company at approximately $40 billion.

Ripple has completed a sale of approximately $500 million worth of shares on the secondary market, valuing the company at approximately $40 billion. The terms include a sell-back option for investors, locking in profits for participants including Citadel.

MetaMask launches mobile perpetual contract trading, supporting multiple asset classes including US stocks, and powered by Hyperliquid.

MetaMask has launched perpetual contract (Perps) trading on its mobile app, allowing trading of over 150 tokens, as well as select US stocks and other equity assets, powered by Hyperliquid. Users can directly open long or short positions on their mobile devices, with leverage up to 40x, and the trading process does not require connection to a centralized exchange or additional dApps.

MetaMask states that users can deposit any EVM chain token into their perpetual contract accounts, which will be automatically converted to USDC for faster order placement. Supported tokens include ETH, BTC, LINEA, XPL, BONK, etc., and supported US stocks include Nvidia (NVDA), Tesla (TSLA), Apple (AAPL), Microsoft (MSFT), Palantir, Robinhood, Circle, etc.

MetaMask claims its trading experience has been specifically redesigned to allow trades to be completed "within seconds," better suited to the high volatility of perpetual markets. Currently, this feature is not available in the United States, the United Kingdom, Belgium, Ontario, Canada, or countries subject to US sanctions.

Investment and Financing

Robotics project Generative Bionics raises $80 million, with participation from Tether and others.

Tether participated in a €70 million (approximately $80 million) funding round for Italian company Generative Bionics. Spinoffed from the Italian Institute of Technology, the company focuses on developing "physical AI" humanoid robots capable of operating in high-risk or high-load industrial environments, aiming to perform handling, dragging, and repetitive tasks that traditional robotic arms struggle with.

Tether CEO Paolo Ardoino stated that this investment is an important step in the company's strategy to develop "digital and physical infrastructure," aiming to reduce reliance on centralized systems from large technology companies and support technological innovations that can enhance social resilience. Tether has invested in numerous internal and external AI projects in recent years and has also made several investments in Bitcoin mining.

AllScale raises $5 million in seed funding, led by Yzi Labs and others.

AllScale, a self-custodied stablecoin digital bank, announced the completion of a $5 million seed funding round, led by Yzi Labs (through EASY Residency Season 2), Informed Ventures, and GenVentureCap, with participation from Aptos Deep Mind, INP Capital, Astera Ventures, Summer Sun Capital, Carry Investment, V3V Ventures, and others.

Airwallex founder says he rejected Stripe's $1.2 billion acquisition offer; latest valuation reaches $8 billion.

Jack Zhang, founder and CEO of Airwallex, revealed in an article that back in 2018, Stripe offered to acquire Airwallex for $1.2 billion. At that time, the company's annual revenue was only about $2 million, corresponding to a valuation of about 600 times its revenue. Based on the offer at the time, Zhang's potential personal gain could have exceeded $2 billion, but the team ultimately chose to decline.

He stated that the company's annual recurring revenue (ARR) has reached $1 billion, and its latest funding round raised $330 million, increasing its valuation to $8 billion. According to a previous statement, this round was led by Addition, with participation from Activant, Lingotto, and TIAA Ventures, among others. Its valuation has increased by approximately 30% compared to the previous funding round six months ago.

Regulatory policies

US Senator Moreno: Crypto legislation negotiations "quite frustrating," with disagreements remaining over cross-agency regulatory responsibilities.

Negotiations in the U.S. Congress over a cryptocurrency market structure bill have stalled, with Senator Bernie Moreno stating that the discussions over the past few weeks have been "quite frustrating" and emphasizing his unwillingness to push through a flawed bill in an attempt to meet deadlines. He plans to meet with Democratic lawmakers this Tuesday to understand their position.

Despite the passage of a stablecoin regulatory bill in the US this year, a more comprehensive "crypto market structure bill" remains stalled. This type of bill aims to clarify the regulatory boundaries between the SEC and CFTC and establish a unified framework for investor protection. The House of Representatives passed its version, the Clarity Act, in July, while the Senate version is still being drafted. While the overall direction is not contradictory, the legislative process is more complex in the Senate.

Moreno's draft bill on the Senate Banking Committee proposes establishing a new classification for "ancillary assets" to clarify which crypto assets are not securities and to delineate the regulatory responsibilities of the SEC and CFTC. Simultaneously, the Banking Committee would need to collaborate with the Senate Agriculture Committee, which recently introduced a draft bill to expand the CFTC's authority.

Senate Banking Committee Chairman Tim Scott revealed at the "Crypto Christmas" event that the committee might hold a bill review meeting on December 17 or 18, but several senators indicated that progress might be affected by the holidays. Senator Mark Warner pointed out that the committee is still awaiting the White House's comments on quorum and ethics clauses.

Furthermore, disagreements remain regarding issues such as bank stablecoin yield arrangements and DeFi regulatory approaches in the draft bill. Some Democratic lawmakers are also concerned about potential conflicts of interest involving President Trump in his own crypto projects. Bloomberg previously estimated that the Trump family earned approximately $620 million through DeFi project World Liberty Financial, stablecoin businesses, and its 20% stake in mining company American Bitcoin, among others. Related memecoins (TRUMP, MELANIA) have also drawn attention from lawmakers.

The Central Bank of Argentina is considering allowing traditional banks to trade cryptocurrencies.

The Central Bank of Argentina (Banco Central de la República Argentina, BCRA) is considering allowing traditional financial institutions to offer cryptocurrency services again, which could mark a significant shift from the 2022 ban.

The ban was issued by the BCRA in May 2022, days after Argentina's two largest banks announced they would open their services to digital assets. At the time, the BCRA considered such moves to pose a risk to users and "the entire financial system." The report, citing sources close to the BCRA, stated that new cryptocurrency rules are being drafted. Representatives of local exchanges believe the measure could be approved as early as April 2026. This potential regulatory shift aligns with recent trends in the Argentine government, whose securities regulator finalized rules for Virtual Asset Service Providers (VASPs) in mid-March 2024, requiring cryptocurrency service providers to register starting in April 2024.

Characters * Voices

Paradigm founder Polymarket has encountered a data bug where trading volumes are being counted twice in most publicly available data.

Paradigm founder Matt Huang shared a study by @notnotstorm on social media, pointing out that Polymarket has a data statistical error that caused transaction volumes in its publicly available data to be counted twice. This issue may have affected publicly available data cited by most third parties.

Ray Dalio: The biggest winners in artificial intelligence will be users, not giant corporations.

Ray Dalio stated that he would invest in companies that leverage artificial intelligence to improve efficiency, rather than in expensive hyperscale data centers. He cautioned that high market concentration and overvaluation pose risks, making diversification crucial.

Dalio stated that he will continue to underweight bonds, hold gold and other "alternative currencies," and invest in power infrastructure. He also favors countries with high levels of education, developed capital markets, and sound legal systems, citing India as an example.